O’Connor opts for a ban on exports of live beasts (rather than tighter regulations) to demonstrate our high animal-welfare standards

Commodities are leading the global economic recovery. International demand for grains, dairy and forestry products is extremely strong – driven primarily by increased demand from China, ANZ Bank  economists say in their latest NZ Agri Focus.

Dairy markets shot up in March, driven by strong buying from China, among challenging conditions to deliver product to market. Since then prices have stabilised near current levels, encouragingly, despite more product being added to the GlobalDairyTrade sales channel.

The recent strength in global markets, combined with a slight softening in the NZ dollar. has been supportive of farmgate milk prices.

“We are forecasting $7.70/kg MS for this season and $7.30/kg MS for next season,”  the  report  says.

If cumulatively it has been a remarkably good  season  for the  dairy  industry, results  have   been more  varied for  the processing companies and  for  individual  farmers.

Synlait and A2 Milk, for example, have not found the going easy,  given  the  impact  of  Covid-19  on the  daigou  trade  with  China.

But Fonterra – as the  principal  player – has  got  back its  mojo    as  industry  leader, with its  finances  in  much  better  shape  under  CEO Miles  Hurrell’s  leadership   than  under  the  previous  regime. Continue reading “O’Connor opts for a ban on exports of live beasts (rather than tighter regulations) to demonstrate our high animal-welfare standards”